Stablecoins, such as USDT and USDC, have become the dominant means of transaction settlement on public blockchains, accounting for a significant percentage of transactional value settled and challenging the narrative that native cryptoassets like Bitcoin and Ether would become major media of exchange. While stablecoins are beneficial for financial inclusion and protection from inflation, their impact on blockchains themselves remains uncertain.
BlackRock's Bitcoin ETF application has raised concerns about the impact of stablecoins, particularly Tether, on the crypto market, as disclosed in their filing, leading to speculation about their endgame.
The U.S. SEC is delaying a decision on Hashdex's application to convert its bitcoin futures ETF into a spot vehicle, as well as Grayscale's attempt to launch a futures-based ether ETF; the Philippines government plans to raise $180 million through the sale of a tokenized treasury bond; and Bitcoin's bullish momentum is expected to lift prices to $40,000 by the end of the year, according to Markus Thielen of Matrixport.
Dogecoin developers have announced that a physical Dogecoin token will be sent to the moon in a payload mission planned by Astrobotic, scheduled to launch in December 2023.
Bitcoin's recent surge in price and breaking above the 200-week moving average suggests the start of a new bull market, according to Cathie Wood and her team at Ark Invest, who believe that Bitcoin's historical cycles and upcoming halving support this trajectory, making it an ideal time to invest in the cryptocurrency.
Lido DAO (LDO), a liquid-staking service provider, is predicted to experience a significant upward movement by a well-known crypto trader who correctly predicted Bitcoin's bottom in 2018, citing a perfect retest and a positive outlook for the broader crypto market due to a declining US dollar index (DXY).
BlackRock, the world's largest asset manager, has filed for a spot Ethereum ETF with the SEC, following its previous application for a Bitcoin ETF and further propelling the crypto market rally.
Proton Mail is launching Key Transparency, a blockchain feature that allows users to verify email addresses and ensure that public keys belong to the intended recipients.
The crypto market's capitalization has increased by 4.6% in the past 24 hours, reaching $1.44 trillion, the highest since May 2022, with Bitcoin and altcoins recovering from recent losses and Cardano and Dogecoin leading gains.
BlackRock, the world's largest asset manager, has filed a form with the SEC to issue an exchange-traded fund (ETF) for Ether, causing the price of the cryptocurrency to rise by 2%.
The Manny Pacquiao Foundation has partnered with Shibarium's blockchain ecosystem to receive crypto donations and organize events, with the foundation accepting Shiba Inu (SHIB) donations and encouraging crypto donations for their tax efficiency. The announcement led to a 7% increase in the price of SHIB.
Bitcoin and other cryptocurrencies have rebounded to retest 18-month highs after a recent correction, with analysts predicting further growth if the momentum continues.
Ferrari's decision to accept cryptocurrency payments, including Bitcoin, for its cars is expected to increase adoption, cryptocurrency value, and consumer confidence, and may encourage other big-name companies to follow suit in adopting digital assets.
Tokens based on the Bitcoin blockchain, known as BRC-20 tokens, have seen a surge in value, with the BRC-20 sector growing by 21% in the past 24 hours, fueled by the introduction of the Ordinals Protocol and the listing of ORDI on Binance, leading to increased bullish sentiment among traders and the belief that the Bitcoin token ecosystem could provide new profit opportunities. Additionally, social applications built on Bitcoin, like Alpha, are introducing in-game tokens to attract users and boost revenues.
Terra founder Do Kwon's appeal of a four-month prison sentence for falsifying documents has been denied by the Montenegro High Court, with Kwon now facing extradition to South Korea or the U.S. following the completion of his sentence in Montenegro.
South Korea's National Pension Fund invested $20 million in Coinbase shares in Q3 2023, earning a 40% profit, as the fund seeks exposure to crypto prices indirectly without directly investing in crypto assets.
Decentralized exchange PancakeSwap has launched its Gaming Marketplace, allowing developers to create, publish, and update games on the platform, targeting the GameFi market.
Bitcoin is predicted to reach $40,000, and possibly even $45,000, by the end of the year due to options market flows and expectations of rate cuts by the Federal Reserve.
The Philippines Bureau of the Treasury plans to offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds, marking a shift towards real-world asset tokenization and joining other Asian countries in exploring this new financial technology.
A bipartisan group of US lawmakers is urging the Treasury to revise its proposed digital-assets taxation regime, citing concerns of it being a "dangerous and improper overreach" that could harm the digital asset ecosystem in the country.
South Korean pension fund, National Pension Service (NPS), invested nearly $20 million in Coinbase shares, earning a 40% profit in the quarter and marking its first investment in a digital assets company, despite criticism from the National Assembly.
Polygon (MATIC) has experienced a price increase of 15% in November, driven by the partnership with OKX and the increase in network usage, making it likely for the price to continue rising and potentially reach $1.50.
Paxos has received initial approval from the Monetary Authority of Singapore (MAS) for its new entity Paxos Digital Singapore Pte. Ltd., allowing them to launch a U.S. dollar-backed stablecoin compliant with Singapore's stablecoin regulations.
Solana (SOL) has gained nearly 200% in the last month, outperforming other major crypto assets, after being praised for its efficiency and cost-effectiveness by ARK Invest CEO Cathie Wood.
Grayscale is using its Ether futures ETF application as a strategy to pressure the SEC into approving its spot Ether ETF, according to Bloomberg analyst James Seyffart, who believes that if the SEC approves the futures ETF, Grayscale can argue for the approval of its spot Ether ETF, while if it denies the futures ETF, it can argue that the SEC is treating Bitcoin and Ether futures ETFs differently.
Yearn.Finance's native asset, YFI, has seen a surge in price due to increased whale activity and new addresses, with the number of high-value transactions reaching the highest level since July 2022, although it remains significantly below its all-time high, while Ethereum fees have also risen to their highest levels in four months, according to crypto analytics firm Santiment.
The current cryptocurrency rally shows no signs of ending as Bitcoin and altcoins continue to trade positively, with the delay of regulatory decisions on spot crypto ETFs and encouraging inflation data contributing to investors' bullishness.
The New York State Department of Financial Services (NYDFS) has strengthened its guidelines for listing or de-listing cryptocurrencies, requiring companies to submit their policies for approval and assess risks to protect investors and minimize market disruption.
Companies in the crypto industry must take a balanced and long-term approach to navigate the upcoming Bitcoin halving event, focusing on sustainable growth, solid financial planning, and risk management strategies, as well as adapting to regulatory changes and diversifying their offerings to cater to an expanding customer base.
Circle, a stablecoin issuer, is investing in a new layer-1 blockchain called Sei Network to expand the use cases for its dollar-pegged digital asset USDC, aiming to provide faster transaction settlements and enhance cross-border payments.
Decentralized platform Kinetix Network secures a "seven-figure sum" in a strategic funding round led by Factor and Gnosis Chain, enabling the refinement of their innovative cross-chain trading approach using zero-knowledge technology, while Nocturne announces the deployment of Nocturne v1, bringing on-chain private accounts to Ethereum mainnet.
Altcoins, including DYDX, Solana's SOL, and Avalanche's AVAX, are showing strength and experiencing double-digit gains, leading some analysts to declare the arrival of an altcoin season, with the altcoin market capitalization hitting a 2023 high at $659.5 billion.
The U.S. Treasury Department's broad definition of a "broker" for tax reporting purposes, which includes decentralized finance (DeFi) software developers and non-custodial wallet software providers, demonstrates the imbalance between the power of regulatory agencies and Congress, and could lead to the collapse of the crypto industry in the United States if not addressed.
Famed investor Cathie Wood predicts trillions of dollars will flow into spot bitcoin ETFs and the digital-asset industry in the next decade, with the potential for the bitcoin market to reach $20 trillion and ethereum to reach $5 trillion by 2030, driven by institutional investment and wider acceptance of digital assets.
The United States House Financial Services Subcommittee received education in blockchain technology's uses in a hearing on crypto crime, highlighting the importance of international collaboration and the need for well-crafted legislation to combat misuse of digital assets.
Call of Duty: Modern Warfare III has received negative reviews due to its lack of originality, recycled content, and rushed development, marking it as the lowest-rated core Call of Duty game in history and leading to disappointment and criticism from both professional reviewers and players.
Cryptocurrencies rebounded strongly with Bitcoin nearing an 18-month high and altcoins like Solana and Avalanche experiencing significant gains, signaling a positive market-wide day for digital assets and the growing mainstream adoption of Bitcoin.
Bitcoin, the world's largest cryptocurrency, increased by over 5.3% to reach $37,978, nearing a one-week high amid a recent rally in the crypto sector.
The US Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Ethereum futures exchange-traded fund (ETF), extending the period it has to consider the proposal, which would allow investors to buy shares that speculate on the future price of Ethereum, the second-largest cryptocurrency.
SkyBridge Capital CEO Anthony Scaramucci predicts that Bitcoin and Ethereum are poised for rallies following a likely Federal Reserve pivot, as well as the potential approval of a Bitcoin exchange-traded fund.
A group of lawmakers, including House Financial Services Committee Chair Patrick McHenry and Treasury Secretary Janet Yellen, have requested an assessment of the extent to which terrorist group Hamas is using cryptocurrency to raise funds, highlighting concerns about Hamas receiving crypto funds but acknowledging that the full scope of the issue is unclear.
Bitcoin (BTC) experienced a brief correction below $35,000, but strong buying support suggests that higher levels may be reached, while other top cryptocurrencies such as Ether (ETH), BNB, XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Chainlink (LINK), and Toncoin (TON) are also analyzed for their price movements.
Filipino boxer Manny Pacquiao's charitable foundation, the Manny Pacquiao Foundation, will utilize meme token Shiba Inu's blockchain network, Shibarium, for fundraising and to optimize and streamline its operations. The foundation has been accepting SHIB tokens since 2021, and the use of Shibarium will allow for increased scalability and transparency in its philanthropic efforts. Shiba Inu, the 19th largest digital asset, aims to expand beyond its meme coin status and become a preferred network for running decentralized finance (DeFi) applications.
Crypto firm Bakkt is expanding its custody services to include six new coins, including Bitcoin Cash, Dogecoin, and Ethereum Classic, after its quarterly earnings report showed a decline in assets under custody, with the company also developing partnerships to strengthen its crypto custody arm.
The collaboration between Onyx by J.P. Morgan, Apollo Global, and Avalanche has demonstrated the potential of blockchain and tokenization to transform asset and wealth management, leading to a significant increase in the price of AVAX, the native token of the Avalanche ecosystem.
Chinese gaming company Boyaa Interactive announced plans to potentially buy up to $100 million worth of cryptocurrencies, primarily Bitcoin and Ethereum, within a year as part of its strategy to embrace Web3 technology. The company aims to allocate $45 million to Bitcoin, $45 million to Ethereum, and the remaining $10 million to stablecoins such as Tether and Circle's USDC. This move reflects Hong Kong's growing ambition to become a global hub for crypto and Web3 industries, following the government's facilitation of a regulatory environment for virtual asset transactions.
Layer-2 networks on Ethereum have reached a significant milestone, with a total value locked (TVL) of $13 billion, driven by greater interest despite challenges in user experience and security; the growth is attributed to Ethereum's previous high gas fees, successful marketing efforts by development teams, and high yields, while layer-2 networks still face challenges such as withdrawal processing times and centralization concerns.
Top House lawmakers are investigating the digital wealth owned by terror groups like Hamas, with reports indicating that they received millions of dollars through digital wallets, but it remains unclear how much of these assets are accessible or still held by Hamas.
Leading US financial institutions are eagerly awaiting the SEC's decision on Bitcoin ETF applications, which could have a significant impact on the market and has already contributed to a 26% increase in Bitcoin's price in the last three months. The entry of institutions into the crypto sector highlights the need for robust due diligence practices in order to manage the unique risks associated with digital assets effectively.
U.S. regulators, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), still lack the authority to prevent another crypto collapse similar to FTX, according to CFTC Chairman Rostin Behnam, who stated that the market environment is different now but that legislation granting more jurisdiction over direct cash markets is still pending in Congress. Additionally, Behnam discussed the agency's court fight with prediction market Kalshi over political-outcomes betting.